The Kenya Mortgage Refinance Company (KMRC) has so far advanced Sh2.76 billion in credit to mortgage lenders, accounting for about seven per cent of the fund’s total capital pool. KCB #ticker:KCB accounts for the bulk of the lending at Sh2.12 billion, followed by HF #ticker:HFCK at Sh515 million. Others include Stima Sacco (Sh69million), Tower Sacco […]
On an October Monday morning four years ago, Richard Boro Ndungu, a partner at audit firm KPMG Kenya, was informed by the chief executive that an investigation was being launched over his conduct. The CEO, Josephat Mwaura, asked him to hand over his mobile phones and laptop so they could be forensically imaged to determine […]
As the prospects of an economic recovery begin to take shape, there is a deep desire among Kenyans to rebuild wealth in the new economy. For many, there is a great need to diversify beyond the traditional assets and venture into new areas. Most Kenyans will fondly remember with great nostalgia Safaricom’s Initial Public Offer […]
The Nairobi Securities Exchange has integrated its data for its derivatives market with global data platform Refinitiv, giving investors across the globe a real-time view of the market. London Stock Exchange listed Refinitiv runs the Elektron Real Time platform that will now carry the updates on the NSE’s single stock futures and index futures products. […]
As the prospects of an economic recovery begin to take shape, there is a deep desire among Kenyans to rebuild wealth in the new economy. For many, there is a great need to diversify beyond the traditional assets and venture into new areas. Most Kenyans will fondly remember with great nostalgia Safaricom’s Initial Public Offer […]
Mr. Gichinga is Chief Economist at Mentoria Economics By Ken Gichinga As the prospects of an economic recovery begin to take shape, there is a deep desire among Kenyans to rebuild wealth in the new economy. For many, there is a great need to diversify beyond the traditional assets and venture into new areas. Most […]
Britam new chief executive Tavaziva Madzinga. PHOTO | COURTESY Insurance group Britam Holdings is moving to implement the restructuring of its top executive team, with individuals being assessed for redeployment to other roles or exit under a voluntary early retirement (VER) plan. Sources familiar with the matter said the long-serving executives started attending the interviews […]
The Nairobi Securities Exchange has integrated its data for its derivatives market with global data platform Refinitiv, giving investors across the globe a real-time view of the market. London Stock Exchange listed Refinitiv runs the Elektron Real Time platform that will now carry the updates on the NSE’s single stock futures and index futures products. […]
The Nation Media Group was the top gainer of the day at the Nairobi Securities Exchange (NSE) on Tuesday, March 2, 2020, with 9.89 percent at the price of 19.45 shillings per share. Kenya Re-Insurance was the second top gainer with 4.84 percent at the price of 2.60 shillings per share followed by Longhorn Publishers […]
Workers at the East African Portland Cement plant (PHOTO: FILE) The board at troubled cement manufacturer East African Portland Cement Company (EAPCC) has shown acting managing director Stephen Nthei the door. In a statement on Wednesday, the board named company insider Daniel Kiprono the new acting MD, ending Nthei’s 19-month stint at the helm. “The […]
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